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Title: Who owns the "USD" asset on GLBSE Post by: S3052 on December 28, 2012, 03:06:23 PM Since I still had a few shares of the USD asset, which I used to hedge BTC long positions : Who is the one created this asset and what happens to those shares?
Nefario has not yet released the shareholder info. Title: Re: Who owns the "USD" asset on GLBSE Post by: John (John K.) on December 28, 2012, 03:55:24 PM Since I still had a few shares of the USD asset, which I used to hedge BTC long positions : Who is the one created this asset and what happens to those shares? If I'm not wrong, Atlas owns them. Have to check old threads and see to confirm that though.Nefario has not yet released the shareholder info. Title: Re: Who owns the "USD" asset on GLBSE Post by: S3052 on December 28, 2012, 09:56:53 PM Since I still had a few shares of the USD asset, which I used to hedge BTC long positions : Who is the one created this asset and what happens to those shares? If I'm not wrong, Atlas owns them. Have to check old threads and see to confirm that though.Nefario has not yet released the shareholder info. just got some info that it is STOCHASTIC who owns the asset! Title: Re: Who owns the "USD" asset on GLBSE Post by: stochastic on January 04, 2013, 06:57:41 AM Since I still had a few shares of the USD asset, which I used to hedge BTC long positions : Who is the one created this asset and what happens to those shares? If I'm not wrong, Atlas owns them. Have to check old threads and see to confirm that though.Nefario has not yet released the shareholder info. Gross dude. I created the asset. You really confused me with Atlas? Anyway, I could feel the impending doom of GLBSE with Nefario's erratic behavior. For my personal funds I sold off most of my shares that I had in other securities. For my USD asset I closed up shop as per the instructions in the contract and gave a week notice in the forums. There was no objection to closing it down. I only received one comment of praise. It was either October 1 or 2 that I purchased back all shares at the MtGox spot exchange rate at on GLBSE. I then closed the USD security and closed the threads. Unfortunately, Nefario closed GLBSE on October 4, 2012 so the funds from the buyback was only there for a short period of time for former USD holders to extract their funds from GLBSE. Check with Nefario to make sure you got all your bitcoins back from the buyback of USD. I received an asset list from Nefario showing there were no outstanding holders of USD funds when GLBSE closed. Code: This is the reply I sent to S3052. All shares were repurchased back (Oct. 1, 2012) prior to the shutdown of GLBSE as per instructions of the contract. Check with Nefario to see that you get all your bitcoins back. As per the USD contract: Quote The Fund is managed by the Fund Manager. The Fund Manager may dissolve the Trust at anytime, for any reason. In the event of dissolution of the Fund, Shares of the Fund will be purchased back by the Fund at the current spot price of BTC/USD on the largest bitcoin exchange by volume. The Fund Manager may resign at any time, for any reason, and transfer the Fund Manager position to another person. I received a list of all asset holders from Nefario that states that there were no outstanding shares held prior to the collapse of GLBSE. Below is the email I received from Nefario on October 1, 2012: Quote James McCarthy (GLBSE) Oct 01 22:58 (HKT) Hi Stichastic, forced buyback has been enabled, please inform me once you have done this and I will remove the asset from the market. GLBSE support. Stochastic Oct 01 13:05 (HKT) I would like to buy back the bonds at 0.08117285 BTC per unit. This is the spot price as of now as stated in the contract. ~Stochastic Later I informed Nefario: Quote The USD security has been bought back now. I assume GLBSE interpreted it as 13:00 and not 1:00. The USD asset can be delisted now. [Edited for privacy] If you were one of the lucky ones to receive bitcoins back from Nefario, I would check your accounting books. Otherwise, you should contact Nefario to see where your bitcoins are. Title: Re: Who owns the "USD" asset on GLBSE Post by: S3052 on January 04, 2013, 07:00:46 AM stochastic,
thank you very much for the clear update! Title: Re: Who owns the "USD" asset on GLBSE Post by: MPOE-PR on January 05, 2013, 02:06:03 AM Since I still had a few shares of the USD asset, which I used to hedge BTC long positions : Who is the one created this asset and what happens to those shares? If I'm not wrong, Atlas owns them. Have to check old threads and see to confirm that though.Nefario has not yet released the shareholder info. Gross dude. I created the asset. You really confused me with Atlas? Anyway, I could feel the impending doom of GLBSE with Nefario's erratic behavior. For my personal funds I sold off most of my shares that I had in other securities. For my USD asset I closed up shop as per the instructions in the contract and gave a week notice in the forums. There was no objection to closing it down. I only received one comment of praise. It was either October 1 or 2 that I purchased back all shares at the MtGox spot exchange rate at on GLBSE. I then closed the USD security and closed the threads. Unfortunately, Nefario closed GLBSE on October 4, 2012 so the funds from the buyback was only there for a short period of time for former USD holders to extract their funds from GLBSE. Check with Nefario to make sure you got all your bitcoins back from the buyback of USD. I received an asset list from Nefario showing there were no outstanding holders of USD funds when GLBSE closed. Code: This is the reply I sent to S3052. All shares were repurchased back (Oct. 1, 2012) prior to the shutdown of GLBSE as per instructions of the contract. Check with Nefario to see that you get all your bitcoins back. As per the USD contract: Quote The Fund is managed by the Fund Manager. The Fund Manager may dissolve the Trust at anytime, for any reason. In the event of dissolution of the Fund, Shares of the Fund will be purchased back by the Fund at the current spot price of BTC/USD on the largest bitcoin exchange by volume. The Fund Manager may resign at any time, for any reason, and transfer the Fund Manager position to another person. I received a list of all asset holders from Nefario that states that there were no outstanding shares held prior to the collapse of GLBSE. Below is the email I received from Nefario on October 1, 2012: Quote James McCarthy (GLBSE) Oct 01 22:58 (HKT) Hi Stichastic, forced buyback has been enabled, please inform me once you have done this and I will remove the asset from the market. GLBSE support. Stochastic Oct 01 13:05 (HKT) I would like to buy back the bonds at 0.08117285 BTC per unit. This is the spot price as of now as stated in the contract. ~Stochastic Later I informed Nefario: Quote The USD security has been bought back now. I assume GLBSE interpreted it as 13:00 and not 1:00. The USD asset can be delisted now. [Edited for privacy] If you were one of the lucky ones to receive bitcoins back from Nefario, I would check your accounting books. Otherwise, you should contact Nefario to see where your bitcoins are. I had no idea anyone other than smickles managed a shutdown before the implosion. Congrats on a job well done. |